PSA enters deal to acquire logistics player BDP from Greenbriar Equity

Singapore's container port. Photo taken November 2021Singapore's container port. Photo taken November 2021

Port group PSA International has entered a deal to acquire all of BDP International, a supply chain, transportation and logistics operator, from U.S.-based private equity player Greenbriar Equity Group, the companies said in a statement filed to SGX Wednesday.

BDP manages end-to-end shipping services, across industries including chemicals, industrial, healthcare, consumer and retail.

PSA said it would benefit from BDP’s expertise as the port operator works with customers to provide logistics and supply-chain services beyond the port, while BDP can use PSA’s network of more than 60 deepsea, rail and inland terminals globally, in addition to affiliated distriparks, warehouses, logistics and marine services.

“For shippers and importers who are confronted with a volatile market and increasingly complex global logistics requirements, this will create opportunities for customised and sustainable solutions that will help them optimise the international supply chain process,” the companies said in the statement.

The deal is subject to regulatory approvals, the filing said.

PSA has flagship operations in Singapore and Antwerp.

Greenbriar Equity focuses on investments in the global transportation industry; it has raised more than US$6 billion across five funds, according to its website.

Other investments by Greenbriar Equity have included Alliance Ground International, Arotech, DART Aerospace, Wine Shipping and Uber Freight, the website said.